Updated 9 min. ago

Will the Fed increase interest rates by 25 bps after the January 2027 meeting?
54 %
chance
Market brief
- Up 34.0 pp over the past week (+6.0 pp in the last 24 hours), after dipping to 18% on Nov 5, 2026.
- Last 50 trades: 24 buys, 26 sells; the largest was $27.7K (buy). Too few trades of $5K+ for a big-money read.
- Historically, 48% of Polymarket Politics markets priced 35–65% seven days before the end resolved YES (126 cases). In this range the price has been a reliable guide.
- Scheduled to end in 3 mo. (Jan 28, 2027).
A historical frequency for the price range, not a probability for this market and not advice. How we measure this
◆ Your call
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The AI's estimate
Market moved sincesonar · analysed 16 hr. ago
Market was at 48% when this was analysed (+6 pp since).
From the daily AI research
The best estimate is 48% YES, essentially anchored to the supplied 47.5% market price because the available evidence contains no new, authoritative policy signal that justifies a meaningful deviation. The official calendar confirms a scheduled January 26-27, 2027 decision, but provides no rate forecast; the recent price surge is therefore evidence of trader repricing rather than confirmation of the underlying event.
Read the full summary
The historical 35%-65% calibration is nearly neutral at 48.4% YES, while the ask-heavy book and the requirement for a hike at one specific meeting support caution. Confidence is low because the available research lacks recent macroeconomic or primary-policy evidence and the fallback wording leaves postponement and timing edge cases ambiguous.
Two of the key facts
Resolution risk: medium — read the rules before relying on the title.
Bull and bear case, the remaining facts and the full resolution analysis come with a plan.
Sources, key facts and what would change the call.
✦ AI assessment
Generate structured research
Fed Decision in January?
5 outcomes- 25 bps increase54 %
- No change46 %
- 50+ bps increase1 %
- 25 bps decrease0 %
- 50+ bps decrease0 %
Understand this market
Background that stays useful after this market resolves.
Total volume
$756.9K
24h vol.
$184.9K
Liquidity
$122K
End date
Jan 28, 2027
ends in 3 mo.
What a plan adds on this market
Only what exists for this market right now.
- Full AI research reportProThe latest daily analysis in full: probability, bull and bear case, 5 key facts from 10 sources.
- Your forecasts, scoredProSave your call on this market and see it scored against the result.
- Smart moneyPro+There is a current smart-money reading on this market: how the wallets whose record holds up are positioned.
Order book, trades and more numbersDepth, spread, up to 50 recent trades, volume by period and dates
1w vol.
$390.1K
1m vol.
$665.9K
Bid / Ask
53¢ / 54¢
Spread 1¢
Last trade
54¢
Start date
Jul 30, 2026
Orderbook
Spread: 1¢Snapshot from cache
Recent trades (50)
| Time | Side | Price | Size |
|---|---|---|---|
| 24 min. ago | Buy | 54¢ | 2 |
| 2 hr. ago | Buy | 54¢ | 4 |
| 3 hr. ago | Sell | 53¢ | 40 |
| 3 hr. ago | Sell | 53¢ | 8 |
| 3 hr. ago | Sell | 53¢ | 50 |
| 4 hr. ago | Buy | 54¢ | 8 |
| 4 hr. ago | Buy | 54¢ | 93 |
| 4 hr. ago | Sell | 54¢ | 450 |
| 4 hr. ago | Sell | 54¢ | 90 |
| 5 hr. ago | Buy | 55¢ | 54 |
| 5 hr. ago | Buy | 54¢ | 1 |
| 5 hr. ago | Buy | 54¢ | 9 |
| 6 hr. ago | Buy | 55¢ | 57 |
| 7 hr. ago | Buy | 54¢ | 210 |
| 7 hr. ago | Sell | 53¢ | 10 |
| 8 hr. ago | Buy | 55¢ | 5 |
| 8 hr. ago | Sell | 51¢ | 2 |
| 8 hr. ago | Sell | 51¢ | 2 |
| 8 hr. ago | Buy | 52¢ | 45,985 |
| 12 hr. ago | Sell | 50¢ | 20 |
| 13 hr. ago | Sell | 50¢ | 6 |
| 13 hr. ago | Buy | 50¢ | 27,092 |
| 13 hr. ago | Sell | 47¢ | 5 |
| 13 hr. ago | Buy | 49¢ | 232 |
| 13 hr. ago | Buy | 49¢ | 56,625 |
| 13 hr. ago | Buy | 50¢ | 13,399 |
| 13 hr. ago | Buy | 49¢ | 150 |
| 13 hr. ago | Buy | 48¢ | 2 |
| 13 hr. ago | Buy | 48¢ | 49 |
| 15 hr. ago | Sell | 47¢ | 2 |
| 15 hr. ago | Buy | 48¢ | 11 |
| 16 hr. ago | Sell | 47¢ | 15 |
| 16 hr. ago | Sell | 47¢ | 5 |
| 18 hr. ago | Buy | 48¢ | 11 |
| 18 hr. ago | Buy | 48¢ | 20 |
| 19 hr. ago | Sell | 47¢ | 301 |
| 19 hr. ago | Sell | 48¢ | 5 |
| 19 hr. ago | Sell | 48¢ | 13 |
| 19 hr. ago | Sell | 49¢ | 30 |
| 19 hr. ago | Sell | 49¢ | 20 |
| 19 hr. ago | Sell | 48¢ | 80 |
| 19 hr. ago | Sell | 49¢ | 28 |
| 20 hr. ago | Buy | 49¢ | 1,737 |
| 20 hr. ago | Sell | 48¢ | 20 |
| 20 hr. ago | Buy | 49¢ | 907 |
| 20 hr. ago | Buy | 49¢ | 907 |
| 21 hr. ago | Sell | 47¢ | 63 |
| 21 hr. ago | Sell | 47¢ | 30 |
| 21 hr. ago | Sell | 47¢ | 20 |
| 21 hr. ago | Sell | 47¢ | 6 |
Rules & resolution
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's January 2027 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for January 26-27, 2027 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their January meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
- Event:
- Fed Decision in January?
- Resolution source:
- https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
- Note:
- Neg-risk market (multiple mutually exclusive outcomes).
Related markets
Open Politics markets from other events — closest to this one first.
- Will the Fed increase interest rates by 50+ bps after the December 2026 meeting?11 %▼ −0.1%
- Strait of Hormuz traffic returns to normal by December 31?8 %▼ −1.0%
- Will the upper bound of the target federal funds rate be ≤1.0% at the end of 2026?5 %▲ +4.5%
- Will the Fed increase interest rates by 25 bps after the March 2027 meeting?59 %▲ +11.0%
- Will inflation reach more than 4.5% in 2026?10 %▲ +0.0%
- Will the 10-year Treasury yield dip below 4.5% before 2027?8 %▲ +0.1%
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